(Rs. crore) 19981999Variation overItem Feb. 13Feb. 5Feb. 12WeekYear123456Notes in circulation1,49,0291,70,4891,72,0801,59123,051Notes issued1,49,0521,70,5281,72,1191,59123,067Notes held in Banking Department243939—15Deposits : Central Government515150-1-1State Governments1311121-1Scheduled Commercial Banks52,93972,96671,721-1,24518,782Scheduled State Co-operative Banks55375480551252Other Banks9141,1711,079-92165Others4,8575,3055,258-47401Other liabilities45,59962,0286

Variation over As on Feb. 19, 1999WeekEnd- March 1998End- December 1998YearItemRs. CroreUS$ Mn.Rs. CroreUS$ Mn.Rs. CroreUS$ Mn.Rs. CroreUS$ Mn.Rs. CroreUS$ Mn.1234567891011Total Reserves1,29,65630,635-794-3813,7511,2681,80257923,2543,277of which : (a) Foreign Currency Assets1,17,00327,658-628114,4961,6832,31070023,5213,620 (b) Gold12,6182,969——-776-422-190-46-287-347 (c) SDRs358-166-39317-318-75204Note : 1. Foreign currency assets expressed in US dollar terms include

(Rs. crore) Outstanding as onVariation over Item1999 Financial year so far Feb. 12#Fortnight1997-981998-99Year 123456Liabilities to the Banking System Demand and time deposits from banks29,5041093,0135,8229,095 Borrowings from Banks(1)10,696-5963,6963,5363,742 Other demand and time liabilities(2)815301-108-630384Liabilities to Others Aggregate deposits6,91,718 @1,44966,07286,3081,20,047 (0.2)(13.1)(14.3)(21.0) Demand1,01,572-820-2,202-94113,164 Time5,90,145 @2,26868,2

(Per cent per annum) 1998 1999 Item / week endedFeb. 13Jan. 15Jan. 22Jan. 29Feb. 5Feb. 121234567Bank Rate11.009.009.009.009.009.00I.D.B.I.114.5014.0014.0014.0014.0014.00Prime Lending Rate214.0012.75-13.012.75-13.012.75-13.012.75-13.012.75-13.0Deposit Rate310.0-12.009.0-11.509.0-11.509.0-11.509.0-11.509.0-11.50Call Money Rate (Low / High)40.75/11.508.90/30.008.50/35.006.00/9.008.65/9.407.00/ 9.601. Medium Term Lending Rate (MTLR).2. Prime Lending Rate relates to five m

(Rs. crore) 1998-99 1997-98 Outstanding as onVariations (3) - (2)Outstanding as onVariations (6) - (5) Item19981999 19971998 Mar. 27Feb. 12 Mar. 28Feb. 13 1 2345671.Bank Credit3,24,0793,49,75025,6712,78,4013,07,98629,585 (7.9) (10.6) A.Food Credit12,48517,1134,6287,59712,2454,649 B.Non-Food Credit3,11,5943,32,63721,0442,70,8052,95,74024,936 (6.8) (9.2) 2.Investments £33,08446,693 @13,60919,41135,955 +16,545 A.Commercial Paper2,0665,1173,0516526,5935,942 B.Bonds/Debent

Foreign Currency 1998 1999 1998 1999 Feb. 20Feb. 15Feb. 16Feb. 17Feb. 18Feb. 19Feb. 20Feb. 15Feb. 16Feb. 17Feb. 18Feb. 191234567891011121314 RBI's Reference Rate (Rs. per U.S. Dollar) Foreign Currency per Rs. 100 @ 38.910042.420042.490042.490042.450042.4400 (Based on Middle Rates) FEDAI Indicative Rates (Rs. per Foreign Currency) U.S.{ Buying38.900042.415042.485042.485042.445042.43002.57002.35742.35352.35352.35572.3563DollarSelling38.920042.425042.495042.495042.455042

(Rs. crore) Outstanding as on Variation over Item Financial year so far 19981999Fortnight1997-981998-99Year Mar. 31#Jan. 29#Amount%Amount%Amount%Amount% 1234567891011 M38,25,3899,37,4812,8140.379,83211.41,12,09113.61,55,80119.9Components (i+ii+iii+iv) (i)Currency with the Public1,45,1821,65,046-2,110-1.311,2178.519,86413.721,74215.2(ii)Demand deposits with banks1,18,4351,18,0512,0351.8-1,349-1.3-385-0.314,06513.5(iii)Time deposits with banks5,58,1676,51,252 @3,1020.56

(Rs. crore) Outstanding as on Variation over Item Financial year so far 19981999Week1997-981998-99Year Mar. 31#Feb. 12#Amount%Amount%Amount%Amount% 1234567891011Reserve Money2,26,2332,52,3412570.19,6454.826,10711.542,71020.4 Components (i+ii+iii) (i)Currency in circulation1,50,8231,75,6411,5900.915,04211.024,81716.523,38215.4 of which : cash with banks5,6413,958 * (ii)Bankers' deposits with RBI71,80673,605-1,287-1.7-5,168-8.71,7992.519,19935.3 (iii)"Other" deposits wi

(Rs. crore)Date of AuctionDate of IssueNotified AmountCompetitive Bids Accepted (Face Value)Devolvement on PDs and RBI (Face Value)Non-Compe- titive Bids Accepted (Face Value)Total Issue (4+5+6) (Face Value)Weighted Average PriceImplicit Yield at Cut-off Price (per cent)Amount Outstan- ding as on the Date of Issue (Face Value) 1 2345678910Apr.3, ’98Apr.4, ’98100100——10099.727.3004235 Jul.3, '98Jul.4, '98100100——10099.775.9938600 Oct.9, '98Oct.10, '98500500——50099.678.

(Rs. crore)Date of AuctionDate of IssueNotified AmountCompetitive Bids Accepted (Face Value)Devolvement on PDs and RBI (Face Value)Non-Compe- titive Bids Accepted (Face Value)Total Issue (4+5+6) (Face Value)Weighted Average PriceImplicit Yield at Cut-off Price (per cent)Amount Outstan- ding as on the Date of Issue (Face Value) 1 2345678910Apr.3, ’98Apr.4, ’9810010902512598.207.33201,525 Jul.3, '98Jul.4, '9810020805015098.207.33203,460 Oct.9, '98Oct.10, '98500382118405

(Rs. crore)Date of AuctionDate of IssueNotified AmountBids Accepted (Face Value)Devolvement on PDs and RBI (Face Value)Total Issue (4+5) (Face Value)Weighted Average PriceImplicit Yield at Cut-off Price (Per cent)Amount Outstan- ding as on the Date of Issue (Face Value) 1 23456789Apr.7, ’98Apr.11, ’9810069410092.617.979714,339 Jul.1, '98Jul.3, '98100—10010092.617.979710,153 @ Oct.7, '98Oct.9, '98400400—40090.3610.71745,827 Jan.13, '99Jan.15, '99750750—75090.5210.49726

(Rs. crore)Fortnight endedTotal Amount Outstanding#Issued during the fortnight #Rate of Interest (Per cent) @1 2 3 4 Jan.2, 19986,876 811 6.50 — 11.75 Apr.10, 199814,584 627 8.25 — 24.00 Jul.17, 19987,287 807 8.00 — 12.50 Oct.9, 19986,132 786 7.75 — 13.50 Oct.23, 19986,214 639 8.25 — 13.00 Nov.6, 19985,858 385 8.25 — 13.63 @ : Effective interest rate range per annum.

(Rs. crore)Fortnight endedTotal AmountReported duringRate of Interest Outstandingthe fortnight(Per cent) @1 234Apr.15, 19981,030338 11.75 - 18.00 Jul.15, 19983,912772 8.20 - 13.50 Oct.15, 19984,8031,101 9.50 - 13.40 Jan.15, 19995,4111,215 9.75 - 13.00 Jan.31, 19995,2611,086 9.60 - 13.45 Feb.15, 19995,151972 10.15 - 12.75 @ : Typical effective discount rate range per annum on issues during the fortnight.

19981999Percentage Variation overItem / Week endedWeightFeb. 7Dec. 12 *Feb. 6#WeekMonthEndYear March 123456789ALL COMMODITIES100.00338.2355.5354.20.10.15.14.7Primary Articles32.30355.0386.5383.2-0.1-10.27.9(i) Fruits and Vegetables4.09369.4459.9414.50.2-4.113.812.2Fuel, Power, Light and Lubricants10.66377.4382.1376.10.50.5-2.1-0.3Manufactured Products57.04321.4332.9333.60.10.13.53.8(i) Sugar, Khandsari and Gur4.06303.7291.5294.20.6-3.0-2.6-3.1(ii) Edible Oils2.45301.1

19981999 Feb. 19Feb. 15Feb. 16Feb. 17Feb. 18Feb. 191234567 BSE SENSEX (1978-79=100)3,437.643,315.083,344.683,336.423,351.053,354.92S & P CNX NIFTY (3.11.1995=1000)997.55954.55958.90969.05973.45976.30 Note : NSE - 50, i.e. Nifty has since been rechristened as 'S & P CNX Nifty' with effect from July 28, 1998.

(Rs. crore) Fortnight Ended Jul. 31, '98Aug. 14, '98Aug. 28, '98Sep. 11, '98Sep. 25, '98Oct. 9, '98Oct. 23, '98 123456781.Banks a)Borrowing9,1149,6298,4729,4859,1588,9479,287 b)Lending7,5507,2566,0245,1105,4446,2116,7022.Primary Dealers a)Borrowing4,9414,8143,1433,0383,8245,0594,892 b)Lending1,6461,5849981,2561,1951,0921,4333.Non-Bank Institutions a)Lending4,8335,6494,4754,6644,7604,4463,952

(Rs. crore) Week EndedItemsJan. 15, '99Jan. 22, '99Jan. 29, '99Feb. 5, '99Feb. 12, '99Feb. 19,'99 1234567 I. Outright Transactions a.Govt. of India Dated Securities6,8837,2748,2079,4585,2434,121b.State Goverment Securities7111785416041c.14 - Day Treasury Bills9416150170153295d.91- Day Treasury Bills5211,0556379317591,120e.364 - Day Treasury Bills355235141625898666II. RBI *8379471,2911,641437124@ : Excluding Repo Transactions.* : RBI's sales and purchases include trans

(US$ Million) MerchantInter-bank FCY/INRFCY/FCYFCY/ INRFCY/FCYPosition DateSpotForwardForward Cancel- lationSpotForward Forward Cancel- lationSpotSwapForwardSpotSwapForward 12345678910111213Purchases Feb. 8, 199925859352318263995947749815326 Feb. 9, 199924255221631863424905635619027 Feb.10,1999219513316343742360410040712959 Feb.11,1999198683121332628569214134210078 Feb.12,199921454272535372914948948213924 Sales Feb. 8, 199928452242027384055606951016726 Feb. 9, 1999345

(Rs. crore) Week Ended Jan. 16, '99Jan. 23, '99Jan. 30, '99Feb. 6, '99Feb. 13, '99Feb. 20, '991234567 Amount7.1918.0010.8314.572.3247.52 Source: National Stock Exchange of India Ltd.

19981999ItemAs on FridayFeb. 20Jan. 22Jan. 29Feb. 5Feb. 12Feb. 1912345678 Standard GoldOpening3,9804,3604,3304,3554,3504,350 (Rs. per 10 grams)Closing3,9804,3604,3304,3554,3504,350 Silver (999.0 fineness)Opening8,8707,7007,8008,3958,2158,235 (Rs. per kilogram)Closing8,8507,7107,8258,3408,2858,300 Note : In case Friday is a holiday, prices relate to the preceding working day. Source : Bombay Bullion Association Ltd.

(Rs. crore)HoldersFebruary 19, 1999Variation in Total Treasury Bills Treasury Bills of Different MaturitiesTotalOver theOver End 14 Day14 Day91 Day364 Day(2+3+4+5)WeekMarch (Auction)(Intermediate)(Auction)(Auction) 12345678 Reserve Bank of India——208—208—-419 Banks161—2,1825,8728,216157-5,104 State Governments4003,991300—4,691-217-3,193 Others393466852,1473,217-305-798

(Rs. crore) Gross AmountRaised uptoFebruary 19, 1999RepaymentsuptoFebruary 19, 1999Net Amount Raised 1998-99(uptoFebruary 19, 1999)1997-98(uptoFebruary 20, 1998)1234 5 Total83,75314,80368,950 27,488

(Rs. crore) For the Week Ended February 12, 1999 For the Week Ended February 19, 1999Items AmountYTM (%PA) IndicativeAmountYTM (%PA) Indicative MinimumMaximum MinimumMaximum1 234 567I. Outright Transactions 1.Govt. of India Dated Securities Maturing in the year 1998-99--- - -- 1999-003449.905810.45993318.132510.7310 2000-0161210.828312.514540410.788311.2143 2001-0249411.379112.094624111.257711.4334 2002-03 $43611.528612.569018011.321511.6268 2003-047111.692012.8218413